Recent Blog Posts
-
Smoking Lingerie Leads to Lawsuit
Nov 23 20093:11 pm EDT -
Oops
Nov 23 200912:01 am EDT -
The Era of the Renminbi Is at Hand
Nov 20 20092:55 pm EDT -
Computer Glitch Snarls Air Traffic
Nov 19 200910:29 am EDT -
Dollar Doldrums? What Dollar Doldrums?
Nov 19 20098:48 am EDT -
American Express Makes a Revolutionary Deal
Nov 18 200912:05 pm EDT -
Calpers Puts Pressure on Private Equity Funding and Fees
Nov 18 200910:27 am EDT -
Madoff Makes Millions (for Others)
Nov 18 20096:04 am EDT -
Lazard Looks Within Its Ranks for New Chief
Nov 17 20091:44 pm EDT -
A Brutal Morning for Geithner
Nov 17 20098:02 am EDT
Dec 16 2008 3:55pm EDT
"My Niece Even Married One"
There are so many delicious ironies unfolding in this Bernie Madoff scandal it's almost impossible to keep up.
Today's best comes from ABC News, which reports that a compliance officer at the S.E.C. when it gave Madoff a clean bill of health in 2005 later began to date and then marry Madoff's niece, who was a compliance lawyer for his company.
The S.E.C. compliance officer, who has since left the company, issued a statement saying he had nothing to do with oversight of Madoff while he was in a relationship with his niece.
But here comes the kicker:
"At a business roundtable meeting last year, Madoff boasted of his "very close" relationship with a SEC regulator, chuckling as he said, "in fact, my niece even married one."
